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Wednesday, December 04, 2002

The Big Picture
Why is a huge endowment more important than programs and facilities that have been in place for 50-100 years? That is the real question, and I think you Reviewers should dedicate a significant amount of print and effort to finding out. Have the Trustees and/or the administration bought entirely into the notion that the prestige generated by an endowment is more important than what it actually provides on campus? Trustees of other colleges with whom I've had this conversation suggest that evaluation wouldn't be uncommon or entirely irrational. Are they, as Grossman suggests, planning massive new PC programming?

My guess is that with alumni contributions to a major capital campaign no longer as assured as in the past, the College wants the endowment to be sufficient to make up the difference when (or if, for the less cynical) it moves forward with a massive North Campus expansion to make Wright's famous "research university in all but name" less boast and more reality. If that guess or anything like it is true, it means this question may have tremendous significance for the future of the College. So my suggestion (and request since I have no way of doing it myself) is that the Review focus on this issue. Its the most important one the Review has covered in many, many years.

Posted by Alexander at 11:17 PM

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